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5 Best Copy Trading Platforms & Apps

Since its establishment in 2014, LimeFX has emerged as a top-tier player in the field of online broker. LimeFX has a highly competitive and full-featured trading site that is focused on forex, indices, metals, shares, commodities. This account is run on the MT4 platform and offers the lower minimum deposit amount at just $100. That said, LimeFX does offer traders negative balance protection. This will help protect you from losing more money that you have in your account. As LimeFX is regulated by CySec, the firm is authorized to offer its services to customers in EU member states.

is LimeFX trading is safe

LimeFX’s glossary shows pages of terms and their explanations all laid out in alphabetical order. For more in-depth explanations, you can take a look at their comprehensive manuals, covering the interface, EAs, charts, signals, and Autochartist. This section holds some introductory articles to forex trading that are most suitable for traders at a beginner to intermediate level. This section is nicely laid out and covers some of the more important aspects of forex trading. Therefore, traders looking for the best fees in addition to more tradable instruments should consider the MT5 pro account.

Several traders across the world select LimeFX due to their scalping services. They offer trading on MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps which allow this. It is especially offered while the industry volatility prevents clients from letting their account go into the red. In a situation like this, LimeFX offers the ability to reset a customers account balance to zero.

How Many People Use LimeFX?

The Pro Account is commonly known to traders as the MT5 Account and is offered to high-level, experienced traders. The C-Suite Forex investors have the facility of an MT5 account to profit from the lowest trading spreads. These trading spreads in the Pro Account are economically feasible when it comes to exchanging compensations. LimeFX offers three different trading accounts with varying spreads and commissions, with some accounts commission-free and some accounts with spreads from just 0.2 pips. As you can see, LimeFX’s minimum spread for trading is 0.4 pips – which is relatively low compared to the other 2.5 pips spread that other forex brokers have. LimeFX is a regulated company with millions of customers.

Please note that due to regulations, the content in this LimeFX review does not apply to US users. This LimeFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. Selecting the best copy trading platform is not as easy as you may think.

In addition to being regulated by CySEC, LimeFX is a member of the FCA, the concerned authority in the UK. In order for firms to become and stay classed as a registered members of the FCA firms must comply with some of the strictest regulations in the world. These requirements can be seen as buffer funds and they must be substantial. This is regulated by the concerned authority in Cyprus, the Cyprus Securities and Exchange Commission . Therefore, some regulations are needed, and this is provided by the top-tier regulators such as FCA and CySec. LimeFX is a well established forex and CFD broker that has undergone some serious global growth over the past few years.

LimeFX has the best possible market liquidity valuations for trading instruments. To get this feature, a user needs to have an LimeFXplatforms, and select the top trader strategy. This publication is a marketing communication and does not constitute investment advice or research. Its content represents the general views of our experts and does not consider individual readers’ personal circumstances, investment experience, or current financial situation. Moreover, the broker’s website is an approved domain registered with the Cyprus Securities and Exchange Commission under Octa Markets Cyprus Ltd. This enables users to trade with a broker under European regulatory oversight.

Is It Safe To Trade Forex At LimeFX?

We checked the spreads for EUR/USD with the MT4 and MT5 accounts and found it to be nearly similar as it ranged between 0.7 to 0.9 pips per lot during peak trading hours. The swap fees are not charged with the ECN account but traders might have to pay weekly rollover fees. The table below compares the average typical spread in pips per lot at LimeFX with the MT4 and markets currencies MT5 account types for major trading instruments. The attractive spread on major currency pairs and availability of multiple trading platforms can be resourceful for the Nigerian traders. Check out our honest and detailed review of LimeFX Nigeria before opening your account. The core mission of LimeFX is to ensure clients get a genuine and profitable experience.

  • The LimeFX broker offers different offers to the clients according to the package, based on the account type.
  • The platform has been activated since 2011 and has proven to be reliable for people interested in trading.
  • Because there is a lot of money moving around the world, LimeFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC .
  • If there’s anything else you’d like to bring to our attention, please get in touch with our team at or social media.
  • You should check all the advantages listed so you have a better understanding of LimeFX.

LimeFX provides negative balance protection in the case your trades went below zero. After looking into your review with our team, we’ve found that you placed a withdrawal request on September 3, and our Financial Department processed it on the same day. However, we wish to remind you that we ask to allow up to 24 hours for such requests to reach your account. That said, the Stock market index payment provider completed this transaction on September 5, and our team has notified you via email. Please, let us remind you that due to the platform technical issues, we had to switch off the possibility of opening such accounts and, before that, notified our customers. After you reached out to our team, they initiated an investigation directly with Spotware Systems.

Traders choose this option to see if the broker is really as trustworthy as it is claimed to be without risking their own money. Attention – the demo account trial is fixed as to the time. Basically, all you need to do to start trading forex is to open an account and download and install trading platform or sign in to the MT4 or cTrader web based terminal.

Fusion Markets hasclear portfolio and fee reports.It is easy to find your profit-loss balance and the commissions you paid under the ‘History’ limefx tab. How long does it take to withdraw money from Fusion Markets? We tested the debit card withdrawal and it took more than 3 business days.

LimeFX Resources Offered

When you transfer money in your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this operation. Together with everything, LimeFX has multiple benefits to new and verteran traders and should be investigated. There’s absolutely no minimum time on which a transaction has to be kept available. The agents provide premium customer service that rewards clients with benefits.

is LimeFX trading is safe

The success of LimeFX’s proprietary copy trading service prompted the development of a mobile app. The LimeFX cTrader ECN account has a smaller product selection than its other account types, with 28 forex pairs and 2 metals available. With LimeFX, users can open MT4 or MT5 demo accounts with no time limits. The MT4 demo account expires after 8 days of inactivity, while the MT5 demo account will expire after 30 days of inactivity. That means if a trader have any issues with application transactions then Indian authorities will not be able to help in this matter. As LimeFX is not monitored by Indian authorities, various Indian nationalized banks are not dealing with the platform directly.

In general, LimeFX has some pretty low spreads when compared to the competition. For many of their major Forex pairs these spreads are close to zero and are especially low for their ECN accounts. On the forex side, there are a number of minor forex crosses that are not included.

What Funding Methods Do LimeFX Accept?

It should be noted that traders in the U.S. are restricted from opening an account with LimeFX due to strict U.S. regulations enforced by the CFTC and NFA. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners.

It is the same as commission-based brokers offering raw spreads of 0 pips for a commission of $6. I rank LimeFX among the best-priced ones, and LimeFX delivers on its statement to help Forex traders earn more. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt. Please note that at LimeFX, payment methods may vary depending on your location and account verification status. Regrettably, Visa transactions are limited in South Africa, and you can only use them for deposits.

The platform helps advance the pursuits of traders and retail traders to get the most valuable outcome for their trading activities. LimeFX is at present operating via a St Vincent and the Grenadines subsidiary. 74-89% of retail investor accounts lose money when trading CFDs. You should ensure you are aware of the risks involved in trading and if you can afford to take the high risk of losing your money. The customer support services are also reliable and preferable at Octa FX website.

This means that at all times, LimeFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn money is going to be sent to the card. LimeFX will ask you to provide other withdrawal methods if your details have changed since your deposit. LimeFX is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better.

Is There A Minimum Deposit For An LimeFX Account?

According to our review currently LimeFX is safe and has proven to be reliable for people interested in forex trading. In App You can create trading accounts, modify leverage etc. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.

From this point of view the Forex broker can be considered a pattern. Even smaller losses like 10 pips can result in an extremely negative impact on an account, making high leverage unsuitable for all traders. While MT4 is the most popular out of the two platforms, the cTrader platform does offer more advanced features that are particularly suited to retail and institutional traders. CTrader platforms are more suited to the ECN platform, which basically lowers spreads to almost 0, not including the commission rate per trade.

Given that LimeFX is a CFD broker, this means that you will be trading on margin and with leverage. This means that your gains and losses are multiplied by this leverage factor. Moreover, on the crypto side they only have three cryptocurrency pairs being Bitcoin , Litecoin and Ethereum . LimeFX was established in 2011 and they are based in St Vincent & The Grenadines. The holding company that controls the broker is called Octa Markets Ltd and their offices are at suite 305, Griffith Corporate Centre, Kingston. Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps.

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